One of the oldest and revered, homegrown automakers is Tata Motors. Formerly, it was known as TELCO, Tata Engineering and Locomotive Company. It can definitely be regarded as an Indian MNC, with operations, plants, and units in many parts of the globe. The luxury, British automaker Jaguar Land Rover, became a part of Tata Motors in 2008 and is a fully owned subsidiary of Tata Motors. Also the South Korean auto company, Daewoo, is a subsidiary.